News:
Brokerage
Posted: November 19, 2007
iCap places $5.8 million for Ski Market and Fitness/Tennis Center
According to Gus Costaldo, of Houlihan-Parnes/iCap Realty Advisors LLC, the company has placed a $5.8 million first mortgage interim loan to finance the acquisition of a 7,400 s/f Ski Market store and a 40,140 s/f Fitness and Tennis Center on Westport Ave. The 5 year, floating rate interim loan floats at 135 BP over one month LIBOR and the lender has the option to fund a $400,000 earn out in six months.
MORE FROM Brokerage
Chozick Realty completes $42 million sale of 189-unit Avon Woods Apartments
Avon, CT Chozick Realty - CRXE Group have completed the $42 million sale of Avon Woods Apartments, a 189-unit apartment community. Located on 47 acres, Avon Woods is a desirable apartment complex in the greater Hartford region. Residents have a combination of privacy with grounds, woodlands, walking trails and frontage on the Farmington River as well as being well located at the junction of Rtes. 10 and 44 with access to all of the town and the surrounding communities throughout the Farmington Valley, West Hartford and Hartford.
Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
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